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Holding All Other Forces Constant,if Decreasing the Price of a Good

Question 112

Multiple Choice

Holding all other forces constant,if decreasing the price of a good leads to a decrease in total revenue,then the demand for the good must be

A) unit elastic.
B) inelastic.
C) elastic.
D) None of the above is correct because a price decrease never leads to an decrease in total revenue.

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